The US Commission has approved Yandex’s application to continue listing the company on the NASDAQ, but subject to certain requirements.

In particular, Yandex needs to complete the proposed restructuring and transfer control of the Russian division to another organization by the end of 2023.

And it was this fact that was mentioned in the English press release of the IT giant, but skipped in the Russian version.

Recall that earlier company representatives stated that new economic investors will not have control over the company – it should be held by current management.

At the same time, Yandex stated that the final decision on the composition of investors has not yet been made, and all details will be announced “when possible”.

Source: Ferra

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